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A Quick Guide to HTS Codes.

One can say that the HTS code is a harmonized tariff schedule developed by the World Customs Organization and are codes which are used to define and classify imported and exported goods. The the basis used by the Harmonized Tariff Schedule to classify goods is according to the name, use, materials used for its construction and then a ten digit classification code number is assigned to the good. Harmonized Tariff Schedule numbers are administered by the United States International Trade Commission since Harmonized Tariff Schedule codes are specific to the United States. Commodity duties are based on Harmonized Tariff Schedule codes classifications and as such Harmonized Tariff Schedule codes are very important. The first, six digits of a Harmonized Tariff Schedule code are very similar to an HS code but the last four digits are differing. Harmonized Tariff Schedule Codes differ from both HS codes and schedule B codes.

A Harmonized System code can be described as a six-digit standard by which products are traced globally. The six digit standard can be referred to as a subheading. HS codes are used all over the world by customs authorities to identify duty and tax rates for different and specific types of products. They are usually administered by the World Customs Organization and recognized in the majority of world trade.HS codes are usually administered by the World Customs Organisation and are recognized in world trade. HS codes are universal classification tools recognized by many governments.Harmonized system codes are universal classification methods which are recognized by many governments. In order to further distinguish the products to different categories governments around the world may put additional numbers to the HS codes. These additional numbers are different for different countries. HS codes are used as for reference in the documentation of export and import goods and also in commercial invoices.

The HS is organized into sections which are then subdivided into chapters which are then subdivided to headings and subheadings. The section and chapter parts describe broad categories of goods and the headings and subheadings are then used to further describe the goods to more detail. Technological complexity is used to categorize commodities in the sections and chapters. Natural goods are described in the early sections while technological complex goods are described in later sections. Vegetable products and animal products, for example, come in the earlier sections while machinery are described in later sections. For the chapters, which is also seen in sections commodities are arranged according to their degree of manufacture.

Schedule b code is a ten digit subset of HTS codes for American exporters. The United States uses schedule B codes to monitor their exports by using statistics from schedule B codes. The United States Census Bureau if the body responsible for maintaining the schedule B codes.These schedule b codes are maintained by the United States Census Bureau. It is faster and much easier for classification of products under these codes as compared to using Harmonized Tariff Schedule codes.

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